International Consoltd Airlns Grp SA (ICAGY) Upgraded to “Strong-Buy” by Zacks Investment Research

Zacks Investment Research upgraded shares of International Consoltd Airlns Grp SA (NASDAQ:ICAGY) from a sell rating to a strong-buy rating in a report published on Wednesday, October 25th. The firm currently has $20.00 price target on the transportation company’s stock.

According to Zacks, “International Consolidated Airlines Group, S.A. acts as the holding company for British Airways and Iberia providing scheduled passenger and cargo Airline services with its principal place of business being London. The company Airways maintains strategic alliance with several worldwide airlines and, together with its codeshare and franchise partners, flies to more than 300 destinations worldwide. International Consolidated Airlines Group, S.A. is based in Harmondsworth, United Kingdom. “

A number of other equities research analysts also recently issued reports on ICAGY. Sanford C. Bernstein began coverage on shares of International Consoltd Airlns Grp SA in a report on Tuesday, June 27th. They issued an outperform rating on the stock. ValuEngine raised shares of International Consoltd Airlns Grp SA from a buy rating to a strong-buy rating in a report on Tuesday, June 27th. Davy Research reaffirmed a neutral rating on shares of International Consoltd Airlns Grp SA in a research note on Tuesday, August 22nd. Finally, Morgan Stanley reaffirmed an equal weight rating on shares of International Consoltd Airlns Grp SA in a research note on Tuesday, September 12th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of Buy and a consensus price target of $20.00.

International Consoltd Airlns Grp SA (NASDAQ:ICAGY) traded up $0.13 on Wednesday, reaching $15.85. 5,293 shares of the company traded hands, compared to its average volume of 12,859. International Consoltd Airlns Grp SA has a one year low of $10.49 and a one year high of $17.81.

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About International Consoltd Airlns Grp SA

International Consolidated Airlines Group, SA is an airline company that holds the interests in airline and ancillary operations. Its segments include British Airways, Iberia, Vueling, Aer Lingus and Other Group companies. It combines the airlines in the United Kingdom, Spain and Ireland. It has approximately 550 aircrafts to over 280 destinations.

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